When a future employee is weighing an offer between your company and another, the salary, breakroom snacks and open-toe shoe policy might not be the only things that sway their decision. The benefits that a future employer offers, like health insurance, can be just as important.
Offering group health insurance benefits not only benefits your employees, but also you. Our independent agents are ready to walk you through top options, to make sure you find the coverage that keeps your employees healthy and you competitive.
In a nutshell, group health insurance is a single health insurance policy covering a group of people. This plan is generally bought by an employer and offered to eligible employees (and sometimes their dependents).
Under the Affordable Care Act, businesses with 50 or fewer employees are not required to provide health insurance. If you have over 50 full-time employees, better look into it or expect to pay a tax penalty.
Group health insurance gives employees the opportunity to seek out the help they need to get back to work (hopefully before the mountain of paperwork tumbles down).
In addition to just being the right thing to do, it could save you some bucks, considering that the premium you pay is tax-deductible. Plus, awesome employee benefits attract awesome employees. It’s a win-win.
Generally, it covers medical care and hospitalization for when a person bumps into the bad luck bear, but it all depends on the contract negotiated between the employer and the insurance agent.
A few main types of group health care plans are available. Each differs in premium cost, whether there’s a copay, and whether there is a specific network where someone can be treated.
It depends on a number of factors, like the type of coverage and number of employees covered. The premium cost is usually split between the employer and employee, with the employer paying a minimum percentage rate while the employee pays the rest. A variety of prices also come with the various insurance options (HMO, PPO, EPO, etc.).
Finding the right group health insurance can come with a lot of questions. Our independent agents will walk you through a handpicked selection of sweet insurance options with all the answers and info you need. Not only that, they’ll cut the jargon and clarify the fine print, so you know exactly what you’re getting.
Our gifted agents will review your needs and help you evaluate the group health insurance coverage that makes the most sense. They’ll also compare policies and quotes from multiple insurance companies to make sure you have the right protection in place. So you’ll have that going for you.